The Addition Group Limited
10461469
Healthy
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
30/11/2024
unaudited abridged
Next accounts due
31/08/2026
Confirmation statement
Last: 23/08/2025
Due 06/09/2026
Industry
Officers
Former
director · Resigned 30/11/2024
Persons with Significant Control
Mr Michael Adams
British · United Kingdom · Age 57
The Regent, Chapel Street, Penzance, TR18 4AE
Notified 03/11/2016
Former PSCs
Mrs Kate Adams
Ceased 15/09/2022
Charges1 outstanding
TIME INVOICE FINANCE LIMITED
Change History
Active
Private Limited Company
THE REGENT
PENZANCE
CompanyRankvs 45159+ SIC 82990 peers59
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/08/2025
Net Worth
£3.2M
Balance sheet strength
Cash
£175
Cash in the bank
Net Current Assets
-£573k
Working capital
Current Assets
£665k
Current Liabilities
£1.2M
Fixed Assets
£3.9M
Debtors
£665k
Tax at Year End(2019)
Director Loans(2019)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.54 | +£0 |
| 2024 | 0.54 | -£1.1M |
| 2023 | 2.64 | +£206k |
| 2022 | 4.71 | +£873k |
| 2021 | 2.82 | +£672k |
| 2020 | 1.38 | +£1.1M |
| 2019 | 1.58 | +£282k |
| 2018 | 0.50 | — |
Derived from filed accounts. Not audited figures.
Filing History31 filings
accounts with accounts type unaudited abridged
confirmation statement with no updates
mortgage create with deed with charge number charge creation date
termination director company with name termination date
accounts with accounts type unaudited abridged
confirmation statement with no updates
confirmation statement with no updates
accounts with accounts type unaudited abridged
change to a person with significant control
cessation of a person with significant control
gazette filings brought up to date
confirmation statement with updates
dissolved compulsory strike off suspended
gazette notice compulsory
change to a person with significant control
notification of a person with significant control
appoint person director company with name date
accounts with accounts type unaudited abridged
accounts with accounts type unaudited abridged
confirmation statement with updates
confirmation statement with no updates
accounts with accounts type total exemption full
appoint person director company with name date
confirmation statement with no updates
accounts with accounts type total exemption full
confirmation statement with no updates
gazette filings brought up to date
gazette notice compulsory
accounts with accounts type total exemption full
confirmation statement with updates
incorporation company